Posted in | News | Ferrous Alloys and Metals | Iron and Steel

Arcelor to Increase Stake in Brazilian Stainless Steel Producer Acesita

Oct 11 2005

Arcelor has entered into a definitive agreement with two Brazilian pension funds over the acquisition by Arcelor of Acesita S.A. common shares representing 25% of the Brazilian stainless steel producer's voting capital and 8% of its total capital stock.

Acesita is one of the most competitive and profitable stainless steel producers in the world. The move is a reflection of Arcelor's longstanding commitment to Brazil, a high quality and low cost production base for steel products with attractive domestic and export markets.

http://www.arcelor.com

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